What is a loan modification?
A loan modification is a legal agreement between you and your lender that changes the terms of your original loan, bringing your monthly payment down to one you can afford.
That sounds good. How do I get a loan modification?
We can help you negotiate with your bank to modify your loan agreement and get your monthly payment down to an amount that works for you.
Cant I just ask my lender to modify my loan without hiring a lawyer?
Of course. You can always act on your own behalf. However, be aware of three things: First, banks do not have your best interest in mind they have their own. Second, a bank will modify your loan with new terms that will benefit and protect the bank, not you. Third, all of your communications with the bank can be recorded and used against you in any future negotiations and foreclosure actions.
However, at Cabanillas & Associates, P.C., we have only your best interest in mind. We fight hard to get new loan terms that will benefit you. Were real estate attorneys and legal professionals who fight for homeowners every day. Were on your side. Call us today for a free consultation: (914) 290-4403.
